If you have a choice between believing the audio or the video, believe the video. In other words, trust what you see if it’s different than what you hear. Since Kevin Warsh stepped into his new role as chairman of the Federal Reserve, he’s been talking tough, insisting the central bank will not tolerate price..
Read moreMidweek Memo Podcast: Conspiracy Theory! How Much Gold Do the U.S. and China Really Have?
Officially, the U.S. has far more gold than China. But does it really? In this week's Midweek Memo podcast, Mike Maharrey explains why there is reason to doubt this claim. In fact, we don't really know how much gold the U.S. or China holds. We have official claims, but the U.S. refuses to audit its..
Read moreInflation Is Grinding Us Down! But You Knew That Already!
We all intuitively know that prices are rising faster than the Consumer Price Index (CPI) indicates. We feel the pain every time we go to the grocery store or gas station. But just how much is price inflation impacting us here on Main Street? I started pondering this question the other day when I ran..
Read moreFed Launches “QE Lite” Program to Bail Out Banks
In the wake of two bank failures, on Sunday, March 12, the Federal Reserve and the U.S. Treasury announced a bank bailout program that could be dubbed “QE Lite.” While not actually quantitative easing, it will have similar impacts on the financial system and could open the door to bigger bond-buying programs down the road...
Read moreBiden Wants to “Fix” the Meat Industry the Feds Broke to Begin With
Government breaks things. Then it often rides in on a white horse promising to “fix” the very things it broke. In the latest example of government claiming it will solve a problem it created to begin with, President Joe Biden has committed to "fixing" the rising cost of meat. (more…)
Read moreFed Pumping Up Money Supply at Record Speed to Monetize Massive U.S. Debt
The federal government continues to borrow and spend at a staggering rate. On March 1, the national debt pushed above $28 trillion for the first time. This rate of borrowing wouldn't be possible without the Federal Reserve monetizing the debt through quantitative easing. In practice, the central bank buys U.S. Treasuries on the open market,..
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